Best of the Week
Most Popular
1.UK House Prices Momentum Crash Threatens Mini Bear Market 2017 - Nadeem_Walayat
2.Perfect Storm - This Fourth Turning has Over a Decade of Continuous Storms to Come - James_Quinn
3.UK House Prices Momentum Crash Warns of 2017 Bear Market - Video - Nadeem_Walayat
4.Billionaire Investors Backing A Marijuana Boom In 2017 - OilPrice_Com
5.Emerging Markets & Basic Materials Stocks Breaking Out Together - Rambus_Chartology
6.Global Currency Reserve At Risk - Jim_Willie_CB
7.Gold and Silver: Your Stomach Is Probably Wrenching Right Now - The_Gold_Report
8.Warning: The Fed Is Preparing to Crash the Financial System Again - Graham_Summers
9.Basic Materials and Commodities Analysis and Trend Forecasts - Rambus_Chartology
10.Discover Why A Major American Revolution Is Brewing - Harry_Dent
Last 7 days
EIA Weekly Report and Crude Oil - 19th Aug 17
4 Insights for Adjusting Your Portfolio in a Rate-hike Environment - 19th Aug 17
Gold Direction Indicator - 19th Aug 17
Historical Inevitability and Gold and Silver Ownership - 19th Aug 17
You Are Being Lied To About “Low” Gold Demand - 19th Aug 17
This is Why Cocoa's Crash Was a Perfect Setup - 19th Aug 17
Gold, Silver Consolidate On Last Weeks Gains, Palladium Surges 36% YTD To 16 Year High - 19th Aug 17
North Korea Is Far From Being Irrational… It Has A Plan - 18th Aug 17
US Civil War - FUNCTIONAL ILLITERATES TRYING TO ERASE HISTORY - 18th Aug 17
Bitcoin Hits New All-Time High Over $4,400 As It Catches Paypal In Total Market Cap - 17th Aug 17
3 Psychological Ingredients behind Great Web Content - 17th Aug 17
The War on Cash - Rogoff, Orwell and Kafka - 17th Aug 17
The Stock Market Guns of August, Trade Set-Up & Removing your Rose Tinted Glasses - 16th Aug 17
Stocks, Bonds, Interest Rates, and Serbia, Camp Kotok 2017 - 16th Aug 17
U.S. Stock Market: Sunrise ... Sunset - 16th Aug 17
The Next Tech Crash Could Delay Your Retirement by a Decade - 15th Aug 17
Gold and Silver Precious Metals Nearing Breakout - 15th Aug 17
North Korea Showdown: Pivotal Market Turning Point - 15th Aug 17
Tech Stocks DOT COM Bubble Do-Over? - 14th Aug 17
Deep State Conspiracy or Chaos - 14th Aug 17
From the Trans-Atlantic Axis and the Trans-Asian Axis - 14th Aug 17
Stock Market Intermediate Correction Underway - 14th Aug 17
The Islamic State Jihadi Pivot to Asia - 13th Aug 17
Potential Pivots Upcoming for Stocks and Gold - 13th Aug 17
North Korean Chinese Proxy vs US Military Empire Trending Towards Nuclear War! - 12th Aug 17
Gold Stocks Coiled Spring - 12th Aug 17
Neil Howe: The Amazon-Walmart Rivalry Will Determine the Future of Retail - 12th Aug 17
How to Alton Towers Half Price Discount Entry 2017 and 2018, Any Time, No Pre-Booking! - 12th Aug 17
Top 3 Technical Trading Tools Part 2: Relative Strength Index (RSI) - 11th Aug 17
What Makes Women Better Investors - 11th Aug 17
Crude Oil Price Precious Metals Link in August - 11th Aug 17
Influencer Marketing Predictions All Businesses Should Take Into Account - 11th Aug 17
Really Bad Ideas - Government Debt Isn’t Actually Debt - 10th Aug 17

Market Oracle FREE Newsletter

3 Videos + 8 Charts = Opportunities You Need to See - Free

Jim Rogers Reiterates His Call For A Crash Of Epic Proportions

Stock-Markets / Financial Crash Feb 15, 2017 - 02:20 PM GMT

By: Jeff_Berwick

Stock-Markets

Last year we covered a number of big name investors’ warnings regarding the future of financial markets. Many had quite a stark view including George Soros’ Quantum Fund co-founder, Jim Rogers.

This past May, Rogers had such a dismal outlook that he warned “A $68 trillion ‘Biblical’ collapse is poised to wipe out millions of Americans.”


Since then, the Dow has hit record highs above 20,000 and many other fragile bubbles continue to expand.

And just this week, Jim did a podcast interview with Erik Townsend and Patrick Ceresna on their show called “Macro Voices” in which he was questioned on a variety of topics. He didn’t contradict any of his previous statements, though he certainly had opportunities to do so.

Most notably, Rogers offered another warning statement; "Get prepared," he went on "because we're going to have the worst economic problems in your lifetime and a lot of people are going to disappear."

Jim went on to reference the demise of both Bear Stearns and Lehman Brothers which were around for 90 years and over 150 years years respectively. Both despite surviving two World Wars, still disappeared overnight while days before, Jim Cramer, on CNBC, admonished that Bear Stearns was a buy at $62… six days later it was bought out by JP Morgan for $2 a share

And Rogers thinks it’s possible that many companies and even countries may soon no longer exist, just as Bear Stearns and Lehman Brothers disappeared.

Trumps seems to have an inclination to start trade wars with China and Mexico among other countries. Members of Trumps cabinet also are willing to comply with Trump’s desire for war. A war would be a most destructive event at this point in time, but it is certainly a possibility as Rogers indicated.

Rogers is bullish on the US dollar in the short term, but he points out the dollar’s potential upside is not based on fundamentals, but rather on investors not knowing where else to place their funds. He mentions how despite many investor’s perception that the dollar is a safe haven, it no longer is and that will come back to hurt a lot of people.

If the US dollar bubble continues to inflate over the short term the way Rogers expects, he anticipates that a number of countries and companies that are overextended in US dollars will go bankrupt as the dollar climbs higher and they’re no longer able to service their debt.

And he is certainly putting his money where his mouth is by encouraging people to buy gold on the dips. In fact, this is a move that is reminiscent of Stanley Druckenmiller’s decision to enter back into his gold position.

He was very clear in this particular interview that he wants to own more gold and silver. He wants to buy it at a lower price and expects short term corrections which will allow him to do so.

If you recall, Rogers has been a strong proponent of physical gold ownership for awhile. He reaffirmed his admiration for the metal back in his 2016 interview with Barron's where he told them;

“... if Trump does what he says he’s going to do such as wage trade wars then it’s going to be bad news for all of us. Trade wars have led to bankruptcy and bankruptcy has often led to war. At that point, you’d better own a lot of gold.”

In light of Donald Trump’s rhetoric of late, we completely agree with him. We’re long gold and precious metals as well as bitcoin which we still think is a massive buy.

To get the best information on not only surviving but prospering during the coming collapse, subscribe to the TDV newsletter where you will be provided with specific recommendations, analysis and steps you need to take to internationalize your assets.

Also, join us for our TDV Internationalization and Investment Summit in Acapulco, Mexico on February 24th where many of the world’s top experts will give you their best analysis and advice on how to survive and prosper during this collapse. People such as G. Edward Griffin, David Morgan, GATA’s Bill Murphy, Bix Weir and many more.

And, being held directly after will four days of Anarchapulco, the largest voluntaryist and anarcho-capitalist conference in the world from February 25-28th.

We hope to see you there!

Anarcho-Capitalist.  Libertarian.  Freedom fighter against mankind’s two biggest enemies, the State and the Central Banks.  Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast, Anarchast.  Jeff is a prominent speaker at many of the world’s freedom, investment and gold conferences as well as regularly in the media.

© 2017 Copyright Jeff Berwick - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Jeff Berwick Archive

© 2005-2017 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

Catching a Falling Financial Knife